Kraft Heinz Co (NASDAQ:KHC, ETR:KHNZ) on Wednesday reported third quarter 2025 earnings that exceeded expectations, but the company missed revenue estimates and lowered its full-year year outlook as consumers switch to lower-cost brands amidst economic uncertainty.
Kraft recorded earnings per share (EPS) for the quarter of $0.61, surpassing the analyst consensus forecast of $0.58.
Its revenue for the period came in at $6.24 billion, just shy of the Wall Street estimate of $6.26 billion.
Looking ahead, the company said it now expects 2025 organic net sales to fall 3% to 3.5%, compared with a decrease of between 1.5% and 3.5% previously.
Kraft also anticipates 2025 adjusted EPS of between $2.50 and $2.57, down from its prior expectations of $2.51 to $2.67.
“The operating environment remains challenging,” Kraft CEO Carlos Abrams-Rivera said in a statement.
“We see these pressures as persisting beyond the fourth quarter, leading to a longer path to consumer recovery.”
Kraft Heinz shares slipped 2% to $25.01 in early trading on Wednesday.